Kenya expects its fiscal deficit to narrow to KSh862.5billion, which is 6.2 per cent of the country’s Gross Domestic Product (GDP) in the current fiscal year.
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The latest business and financial market news and analysis from East Africa and the Continent.
A litre of super petrol has been subsidised by Ksh 54.91, diesel by Ksh 66.17 and kerosene by Ksh 74.17
ekaterra Kenya proposed to make a cash offer to acquire up to 100 per cent of the ordinary shares in the capital of Limuru Tea Plc
The insurance sector suffers from a low penetration rate, standing at 2.3% at the end of 2021, lower than the global average of 7.4%.
The 770-metre long jetty, with a capacity to load and offload all categories of petroleum products from large sea tankers of up to 200,000 DWT, is the largest in Africa.
Business executives expect the economic conditions to improve across all industries compared to six months ago, rising from an average of 47 index points to 66 points for the economy and 69 index points for the respective sectors.